Which factors impact the confidence intervals for a sample data?
OPTIONS
- Data Variation and Data Continuity
- Accuracy and Precision
- Significance Level and Sample Size
- Data Relativity
ANSWER
Significance Level and Sample Size
EXPLANATION
Significance level and sample size impact the confidence interval – The choice of ? for the confidence intervals dictates the margin of error or confidence interval width. With increase in sample size at the same significance level, you will find that the confidence intervals width keeps decreasing.
